COVID-19 pandemic may create a ‘two-speed rental market’
The COVID-19 pandemic may be leading to a “two-speed rental market”, with suburbs closer to the city likely to experience greater rental...
Figures from the previous quarter show that capital gains for real estate buyers in RIVETT are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $510 based on current median home prices for the suburb.
On average, rents on listings have reached the $510 mark, reflecting a 4.24% increase in returns based on the current median price in RIVETT.
RIVETT, 2611 ranks 67th in ACT in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 34th on the list of best yielding suburbs for rental properties in ACT, posting a 4.24% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $625,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.4% | N/A |
| Median 12 month | -2.34% | N/A |
| Median 3 years | 11.41% | N/A |
| Median 5 years | 21.36% | N/A |
| 10 years average annual | 2.36% | N/A |
| Weekly media advert. rent | $510 | N/A |
| Time on Market | 71.3 days | N/A |
| Gross Rental Yield Percent | 4.24% | N/A |
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